Sorry...the last 3 days were just "fair" Total of 11 fills, 8 winners, 3 losers. Up 42 cents net. Don
Away yesterday. Today, 5 fills, 2 longs, 3 shorts, 2 winners, 3 loser, +0.02 average. GE best, SLW worst. Avoided the fall in SYK.
For me, it's all across the board. Some are 1:1, some losses are only 0.01-0.03 cents. But others are very big losers. In stat terms, I have a negative skewness on my P/L. This means probability of a big loss is bigger than probability of a big winner. I put limit take profit si I can't make more than 1% per stock on the positive side. I have no stops so on the negative side I can go down fast before I get out. But the big losses can be "avoided" by being cautious on the news. But shit still happen. Last month I had one trade that trimmed 1/2 my profit of the month. It was mostly due to bad news reading plus I doubled down and all. We call it operator glitch. tilted. So I would say, in my case, the worst case that happens is losing something like 2 dollars on a stock and I make an average of 0.03-0.07 net per share. If you take a 40$ stock .7% enveloppe and get out at FV you have a 28 cents target. 28 cents/2$ = 0.14 risk reward worst case. I think it's more 1:1 for me in general on average. I risk 20 cents and try to make 20 cents. Having a % winner around 80% makes it a positive profit expectation. This is just MY numbers. Others play differently. I think someone is using stops so our P/L distribution is different. A lot of work and risk for pennies.
Maybe I should but I'm afraid I would get kicked out of profitable trades very often. This is why I dont.
Very carefull this morning. Cut all financials. May cancell all after the open on a LOD of the ES. Widder on shorts. If anyone think it's smart to play the financials, please share your thoughts.
7 fills, all longs, 5 winners, 2 losers, +0.02 average. Could have been a little bit better but not really.
February monthly review: Played 16 days. 36 longs, 33 shorts, 52 winners, 17 losers. +0.025 average per share. Smaller $/share for me but still ok. Played with my spreadsheet during the month and came back to my previous settings, maybe causing a little underperformance. Shitty expiration. One mistake on news. An ok month.
7 fills / 3200 shares 7 longs / + 130.00 stops are your friends...sometimes you get out too soon but the vast majority of times they save your behind...